India calling off foreign ministers' meet 'unfortunate': FM Qureshi

Agencies
September 22, 2018

Islamabad, Sept 22: Pakistan Foreign Minister Shah Mehmood Qureshi Friday expressed disappointment at India calling off a meeting between him and External Affairs Minister Sushma Swaraj in New York and alleged that "internal pressure" forced New Delhi to make the "unfortunate" move.

India cited the "brutal" killing of three policemen in Jammu and Kashmir as well as the release of postal stamps "glorifying" Kashmiri militant Burhan Wani for cancelling the meeting between Swaraj and Qureshi on the sidelines of the United Nations General Assembly in New York this month.

Qureshi expressed disappointment at the cancellation of the foreign minister-level talks, saying it was "unfortunate."

"It is unfortunate that India has not given a positive response. Indian has once again wasted an opportunity for peace," Qureshi told the media here. He said that it was important to sit and talk for the sake of peace and stability in the region.

"The refusal of India shows that Indian government is facing internal pressure," he said. "It seems that India is already preparing for its elections due in the country next year," Qureshi was quoted as saying by the Express Tribune.

He said Pakistan sincerely wants resolution of all outstanding issues, including Kashmir, with India through negotiations.

Pakistan has always extended an olive branch to India for the resolution of problems and enhancing bilateral ties in an amicable manner, but New Delhi does not come out of its "internal politics", state-run Radio Pakistan quoted him as saying.

The minister said Pakistan can only wish India to come to the negotiating table, but "we can neither pressurise anybody nor will accept the same for this purpose." Qureshi said the world wants connectivity and promote regional trade, but India is creating problems.

He said India's "stubbornness" is also adversely affecting future of the SAARC countries, the Radio Pakistan report said. But, Qureshi reiterated that dialogue is the only way to come to the resolution of any issue.

"We said that we want dialogue - but in a dignified manner," he added. Meanwhile, the Foreign Office (FO) in a statement remarked that the reasons cited by India for calling off the talks "within 24 hours of its public confirmation are entirely unconvincing".

"The so-called 'disturbing developments' alluded to in the Indian statement predated the Indian agreement to hold the bilateral meeting in New York," FO spokesman Dr Mohammad Faisal said in the statement. He said the alleged killing of a BSF soldier took place two days prior to the Indian announcement of its agreement to hold the bilateral meeting. And when the allegations of Pakistan's involvement first appeared, Pakistani rangers clearly conveyed to BSF through official channels that the country had nothing to do with it.

He said Pakistani rangers also extended help in efforts to locate the soldier's body. These facts were known to the Indian authorities and yet "this motivated and malicious propaganda continued". "Pakistan...categorically reject these allegations...Our authorities would be prepared to conduct a joint investigation to establish the truth," Faisal said.

On the issue of the postage stamps, he said they were issued before the July 25 elections and before Prime Minister Imran Khan assumed office. Faisal said that most unfortunate part of Indian statement is the reference to the person of the Prime Minister of Pakistan.

"We choose not to further comment beyond saying that these comments are against all norms of civilised discourse and diplomatic communication," he said. "We believe by its ill-considered cancellation of the meeting, India has once again wasted a serious opportunity to change the dynamics of the bilateral relationship and put the region on the path of peace and development," he added.

Announcing the cancellation of the New York meeting, External Affairs Ministry Spokesperson Raveesh Kumar said in New Delhi that the incidents "exposed" the "true face" of Pakistan's new Prime Minister Imran Khan to the world as well as Islamabad's evil agenda behind the proposal for talks.

"The latest brutal killings of our security personnel by Pakistan-based entities and the recent release of a series of 20 postage stamps by Pakistan glorifying a terrorist and terrorism confirm that Pakistan will not mend its ways," Kumar said.

He noted that "two deeply disturbing developments have taken place" since yesterday's announcement of a meeting between the foreign ministers of India and Pakistan in New York later this month.

"In view of the changed situation, there will be no meeting between the Foreign Ministers of India and Pakistan in New York," he said.

Kumar said talks with Pakistan in such an environment would be "meaningless". Former High Commissioner to India, Abdul Basit said he was surprised by India's move as New Delhi should not have agreed for it in the first place due to forthcoming elections but after agreeing for a meeting it was more surprising that it backed out.

Former advisor on foreign affairs Sartaj Aziz said that it was "unfortunate" that India cancelled the meeting as it would have created an environment for peace. Former foreign minister Khurshid Kasuri said the cancellation reminded him of the Agra summit when everything was ready for joint statement but India backed out at the last minute.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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Agencies
February 26,2020

Tokyo, Feb 26: Two more Indians onboard quarantined cruise ship -- Diamond Princess -- were tested positive for novel coronavirus, the Indian embassy here said on Tuesday, adding that those Indians not infected by the virus will be repatriated to the homeland on February 26.

A total of 16 Indian nationals onboard the luxury ship -- quarantined off the coast of Japan since February 5 -- have been tested positive for coronavirus so far, the embassy informed.

"A chartered flight is being arranged to repatriate Indian nationals onboard #DiamondPrincess, provided they have (a) consented; (b) not tested positive for #COVID19; (c) cleared by the medical team. An email advisory to this effect, with details, has been sent to them," the embassy tweeted.

The repatriation of the Indian nationals will be facilitated by the Indian government.

"PCR test results for ALL Indian nationals declared-02 more Indians tested positive to #COVID19, taking the total to 16. Those fulfilling conditions and consenting to repatriation to India on 26 Feb being facilitated by the Indian Government. Details shared with them," the following tweet read.

A total of 138 Indians, including 132 crew and 6 passengers, were among the 3,711 people on board the luxury cruise ship which was quarantine off Japan on February 5 after it emerged that a former passenger had tested positive for the virus.

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Agencies
January 6,2020

The Cambridge Analytica scandal is far from over. New explosive details leaked by a whistleblower shows that the extent of the rot is far deeper than previously thought.

An anonymous Twitter account, @HindsightFiles, has started releasing the documents, apparently on behalf of Brittany Kaiser, a former employee of the now defunct British data analytics and consulting company Cambridge Analytica.

"Democracies around the world are being auctioned to the highest bidder. We release the documents that explain how," reads the biography of the @HindsightFiles.

The document will reveal previously unreleased emails, project plans, case studies, negotiations and more spanning over 60 countries.

"Over the past two years I have given evidence to investigators, journalists and academics to analyse what happened at Cambridge Analytica, and how our data was used to influence democracies around the world. In the name of shedding light on these dark practices, I am releasing documents and emails in full for the public good," Kaiser, who worked with Cambridge Analytica from 2014 to 208, was quoted as saying.

"I do this to strengthen the case for data rights and enforcement of our electoral laws online globally. We should all be seeking more ethical digital future for ourselves and our children," added Kaiser who starred in the Oscar-shortlisted Netflix documentary "The Great Hack".

The details released so far includes links to material on the firm's activities in Malaysia, Kenya, Brazil and Iran, an addition to the John Bolton archive.

Over the next months, more than 100,000 documents relating to work in 68 countries are set to be released, according to a report in The Guardian.

More than one and a half year after the Cambridge Analytica scandal first became public, US regulators last month said that the now-defunct British data analytics and consulting company engaged in deceptive practices to harvest personal information from tens of millions of Facebook users for voter profiling and targeting.

According to Kaiser, the Facebook data scandal was part of a much bigger global operation designed to manipulate people in collaboration with governments, intelligence agencies, commercial companies and political campaigns.

The unpublished documents contain material that suggests the firm collaborated with a political party in Ukraine in 2017 even while under investigation as part of Robert Mueller's investigation into Russian interference in the 2016 US presidential election, said The Guardian report.

"There are emails between these major Trump donors discussing ways of obscuring the source of their donations through a series of different financial vehicles. These documents expose the entire dark money machinery behind US politics," Kaiser was quoted as saying.

Similar tactics were deployed in other countries that Cambridge Analytica operated in, including Britain, she claimed.

The files released by Kaiser suggest that Cambridge Analytica offered to help United Malays National Organisation (Umno), the party of Malaysia's Former Prime Minister Najib Razak, to influence the voting of 40 parliamentary constituencies in the 14th General Election (GE14) in 2013.

Umno, according to the leaks, requested the company to prepare a proposal to regain 13 seats, The South China Morning Post reported on Saturday.

In 2018, Razak claimed that he had never engaged Cambridge Analytica in any way.

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